Incorporated in 2021, Sangani Hospitals Limited is a healthcare organization. They embarked on their journey in 2001 with the establishment of Sangani Hospital in Keshod. Sangani Hospitals is a multi-specialty healthcare provider operating in the Keshod and Veraval regions of Gujarat.
Sangani Hospitals is promoted by Dr. Ajaykumar Natwarlal Sangani, MBBS, DLO & MS(E.N.T.), and his brother Dr. Rajeshkumar Natwarlal Sangani, MBBS & MD. They have been in the medical practice for nearly two decades.
The organization offers its specialty in a variety of departments and unit, including-
ENT Department, OBST-Gynec Department, Dialysis unit, Orthopedic Department, Joint Replacement, General Surgery Department, Urosurgery, Trauma unit, Dental Surgery Department, Physiotherapy unit, laparoscopic surgery, and so on.
Sangani Hospitals at present offers its specialty services and other support services out of two hospitals i.e. Sangani Hospital at Keshod, Junagadh, Gujarat and Sangani Super Speciality Hospital, Veraval, Gujarat.
Sangani Hospitals IPO Details
Sangani Hospitals IPO is a Book Built Issue. The IPO total issue size is Rs 15.17 Cr. The Sangani Hospitals IPO price is ₹37 to ₹40 per share. The IPO will list on NSE SME.
| IPO Date | Aug 4, 2023 to Aug 8, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹37 to ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 3,792,000 shares (aggregating up to ₹15.17 Cr) |
| Fresh Issue | 3,792,000 shares (aggregating up to ₹15.17 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 9,984,990 |
| Share holding post issue | 13,776,990 |
| Market Maker portion | 192,000 shares Rikhav Securities |
Sangani Hospitals IPO Reservation
Sangani Hospitals IPO a total of 3,792,000 shares are offered. QIB: 360,000 (9.49%), RII: 1,620,000 (42.72%), NII: 1,620,000 (42.72%).
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 192,000 (5.06%) |
| QIB Shares Offered | 360,000 (9.49%) |
| NII (HNI) Shares Offered | 1,620,000 (42.72%) |
| Retail Shares Offered | 1,620,000 (42.72%) |
| Total Shares Offered | 3,792,000 (100%) |
Sangani Hospitals IPO Timetable (Tentative)
Sangani Hospitals IPO opens on Aug 4, 2023, and closes on Aug 8, 2023.
| IPO Open Date | Friday, 4 August 2023 |
| IPO Close Date | Tuesday, 8 August 2023 |
| Basis of Allotment | Friday, 11 August 2023 |
| Initiation of Refunds | Monday, 14 August 2023 |
| Credit of Shares to Demat | Wednesday, 16 August 2023 |
| Listing Date | Thursday, 17 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 8, 2023 |
Sangani Hospitals IPO Lot Size
The minimum lot size of this Sangani Hospitals IPO is 3000 shares required is ₹120,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| HNI (Min) | 2 | 6,000 | ₹240,000 |
| Lot Size Calculator |
Sangani Hospitals IPO Promoter Holding
Dr. Ajaykumar Sangani, Dr. Rajeshkumar Sangani, Kamalkumar Sangani and Dr. Vaishali Sangani are the Promoters of the company.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Company Financials
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 330.36 | 299.20 | 705.45 | 1,959.01 |
| Revenue | 446.47 | 498.21 | 420.63 | 1,576.24 |
| Profit After Tax | 22.81 | 79.06 | 105.35 | 148.37 |
| Net Worth | 183.35 | 168.79 | 501.60 | 1,797.29 |
| Reserves and Surplus | 168.83 | 106.78 | 798.79 | |
| Total Borrowing | 34.72 | 34.57 | 10.08 |
Amount in ₹ Lakhs
Key Performance Indicator
Sangani Hospitals IPO Market Cap is Rs 55.11 Cr and P/E (x) is 37.03.
| KPI | Values |
|---|---|
| P/E (x) | 37.03 |
| Market Cap (₹ Cr.) | 55.11 |
| ROCE | 11.26% |
| EPS (Rs) | 3.47 |
| RoNW | 35.75% |
Check Sangani Hospitals IPO Peer Comparison here.
Objects of the Issue
The company intends to utilize the proceeds of the issue to meet the following objectives:
- To carry out the capital expenditure for expansion in Sangani Hospital at Keshod, Gujarat
- To carry out the capital expenditure for expansion in Sangani Super Speciality Hospital at Veraval, Gujarat
- General corporate purposes
Sangani Hospitals IPO Review (Avoid)
[Dilip Davda] The company is in the healthcare service segment where there is rising competition and is a fragmented sector. While it posted growth in its top lines for the last three fiscals, its bottom line posted inconsistency. Its comparison with listed peers is an eyewash. Based on FY23 earnings, the issue appears aggressively priced. Investors may skip this pricey IPO. Read detail review…
Sangani Hospitals IPO Subscription Status (Bidding Detail)
The Sangani Hospitals IPO is subscribed 4.54 times on Aug 8, 2023 7:29:00 PM. The public issue subscribed 6.17 times in the retail category, 11.42 times in the QIB category, and 1.38 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 11.42 |
| NII | 1.38 |
| Retail | 6.17 |
| Total | 4.54 |
Total Application : 3,332 (6.17 times)
Sangani Hospitals IPO Prospectus
Company Contact Information
Sangani Hospitals Limited
Sainath Society, Opp. S. T., KSD T,
Village – Keshod, Taluka – Keshod,
Junagadh – 362220
Phone: 02871-23 5900
Email: cs@sanganihospitals.com
Website: http://www.sanganihospitals.com/
Sangani Hospitals IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html